Equated monthly installment. An equated monthly installment (EMI) is defined by Investopedia as A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full..
Quote definition, to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. See more.
Direct quotations are the exact words of someone else woven into your writing. Whether it is a quote from a written piece or a speech, the use of direct quotations can spice up your written content, tie in what you are writing about to something specific or provide examples that strengthen a thought or idea.